The article didn't mention but I hope they decide to implement Brazil's Pix. It was featured in some international news recently, hope there is interest then we will march forward for a unified system outside the swift network and without duplicated efforts. And about not being 100% European, I don't know the details but inside Brazil it is mediated by the Brazilian central bank but a 5min Google indicated that a standard international solution is still in development but it will work like a network of central banks, so the EU or even each country in the EU own system keep its independence. And as a network/federated system it would also be more stable since no one unilaterally can mess with it.

I hope Americans are allowed to use it. I want to support hentai and to enjoy it without prudes getting in the way.

GNU taler has been working on this, I guess someone just needs to adopt it. https://www.taler.net/en/index.html

We need this for Canada too.

Visa/Mastercard & Apple/Google Pay typically charge 3% fees

Not in the EU. Visa and Mastercard have been capped to 0.5% for years.

Apple / Google pay take a small cut from the 0.5%

Diversity in payment methods would be no bad thing though. It’s amazing how Visa/Mastercard have managed to insert themselves into almost ever transaction, particularly since contactless became so prevalent.

Anything thay weaken visa mastercard is good.

Ah man, I was kind of excited until it said European-only.

I thought maybe I'd be able to build a till from scratch without purchasing a software suite from IBM written in the 80s.

Right now the best I can do is accept Crypto on such a machine.

I never understood why countries allowed digital payments like this. It effectively is like giving up monetary soverenty. Of course later I realized its because debt has been used for currency creation now.

We've been hearing about the Digital Euro for years. Is it finally happening?

Wow, very cool! Absolute poggers.

“It’s an end-to-European solution,” says Alessandro Giovannini, an ECB official. “All the engineering will be 100pc European, and it will be distributed by euro banks.”

Hmm, I should open a European bank account. It could help if I'm every visiting family out there, anyway.

I just bought something from a German online shop. I paid with a direct bank-to-bank transfer, zero fees (as far as I know).

The only problem of course is that this method of payment doesn't have any kind of insurance against fraud, so it works only with already reputable stores. And of course it's usable only in online shops.

This is excellent. We should never have left the EU.

It'll be interesting to see how they'll handle steamy steam games. The whole steam and itch deplatforming saga was kicked off by Visa, Mastercard and Paypal.

King shit. Wish our leaders gave anywhere near a shit to do this in the US.

I've noticed a few retailers in Canada charging more for credit cards - debit, cash and cheque are all no extra fee's. The only reason I have a credit card is for the rewards and the necessity for things like hotels and car rentals.

If society could work in our favor and not try to force easy credit on us then we would all be better off.

Pix neles